The latest cluster of the DAMAC Lagoons development, named Morocco, will bring luxury island living to Dubai. The cluster will be home to 1,134 units, including townhouses and big villas.
DAMAC Lagoons is a residential complex that spans across a whopping 45 million sq. ft and is divided into a range of Mediterranean-inspired communities built around gorgeous man-made lagoons. Each cluster has its own theme, which is indicative of its amenities.
The development will have four entrance gates, with the main one situated on Hessa Street. Residences are conveniently located near a wide range of amenities. The master developer is focused on innovation and uses the latest technology to convert lake water into swimmable water.
As of December 2022, DAMAC Lagoons has launched 8 phases, which have all proved to be highly popular among local and foreign property buyers. These include Nice, Costa Brava, Portofino, Santorini, Venice, Malta, Marbella and Monte Carlo. The mega-development was first launched in Q4 2021, and the estimated completion date is set for Q4 2025.
Thanks to a series of man-made lagoons, residents can enjoy water activities, such as swimming and kayaking. The complex provides a variety of leisure and recreational amenities, including:
| Type | Saleable Area (Sq Ft) | Price (AED) |
|---|---|---|
| 4BR - Townhouse | 2,268 | 2,850,000 |
| 5BR - Townhouse | 3,163 | 3,300,000 |
| Description | Percent | Milestone Event |
|---|---|---|
| DEPOSIT | 24 | Immediate |
| 1st INSTALLMENT | 5 | Within 3 month(s) of Sale Date |
| 2nd INSTALLMENT | 5 | Within 6 month(s) of Sale Date |
| 3rd INSTALLMENT | 5 | Within 9 month(s) of Sale Date |
| 4th INSTALLMENT | 5 | Within 12 month(s) of Sale Date |
| 5th INSTALLMENT | 5 | Within 15 month(s) of Sale Date |
| 6th INSTALLMENT | 5 | Within 18 month(s) of Sale Date |
| 7th INSTALLMENT | 5 | Within 21 month(s) of Sale Date |
| 8th INSTALLMENT | 5 | Within 24 month(s) of Sale Date |
| 9th INSTALLMENT | 5 | Within 27 month(s) of Sale Date |
| 10th INSTALLMENT | 5 | Within 30 month(s) of Sale Date |
| 11th INSTALLMENT | 5 | Within 33 month(s) of Sale Date |
| 12th INSTALLMENT | 2 | On 70% of Villa Completion |
| 13th INSTALLMENT | 2 | On 80% of Villa Completion |
| 14th INSTALLMENT | 1 | On 90% of Villa Completion |
| 15th INSTALLMENT | 20 | On Completion |
Dubai International Airport can be reached within a 30-minute drive of the complex, and residents can easily travel by car to other parts of the city.
The complex is situated within a 15-minute drive of several facilities, including:
Additionally, the area will house a regional mall that will cover an area of 2 million sq. ft., which is slightly larger than the well-known Mall of the Emirates. DAMAC Lagoons will have a huge D-shaped lazy river situated in the centre of the residences, which will provide plenty of entertainment for adults and children.
Property owners will have access to amenities in other clusters of the complex. For example, women living in any cluster will be able to visit ladies-only gyms, spas, and meditation lounges. The Play & Learn Hub will be an ideal place for children to play and learn new things through a sensory plaza, interactive water attractions, outdoor art exhibits, and an Augmented Reality (AR) nature trail.
If you are considering renting your DAMAC Lagoons property out, it is worth taking a look at the adjacent DAMAC Hills neighbourhood as a 3-bedroom villa to rent costs a minimum of AED 160,000 (USD 44,000) per annum. At the same time, this type of real estate generates an average ROI of 8% ROI, as of Q4 2022, according to Property Finder. Such high indicators clearly illustrate a lucrative investment potential of DAMAC Lagoons properties.
DAMAC Lagoons is adjacent to the iconic DAMAC Hills mega-community, which is famed for the Trump International Golf Club. Thanks to its location just off Hessa Street, the community provides easy access to two key Dubai highways, such as Emirates Road (E611) and Sheikh Mohammed Bin Zayed Road (E311).
DAMAC Lagoons offers a range of townhouses and villas for sale with various layouts and sizes across 8 Mediterranean-inspired clusters.
Surrounded by unspoiled coves, cerulean lagoons, white-sandy beaches and lush green pastures, DAMAC Lagoons is a perfect investment whether as a private residence or with the purpose of generating a passive income. In particular, families with children will enjoy residing here thanks to the lagoon-facing lawns, family cabanas, infinity pools and much more. The projected ROI is set at 6%.
The starting price for a property in DAMAC Lagoons amounts to AED 1.8M (USD 490K), as of Q2 2022.
DAMAC Lagoons boasts close proximity to some of the most prestigious schools in the emirate, including Jebel Ali School, Fairgreen International School, Global Indian International School, Safa Community School and Kings' School.
DAMAC Lagoons offers a range of leisure and wellness activities thanks to a D-shaped lazy river, a floating cinema, high-end retail, beaches, a water-integrated amphitheater, F&B venues, an island clubhouse, leisure and activity hubs and much more. Not forgetting plenty of lifestyle facilities like schools, nurseries, mosques, as well as a regional mall of nearly 2 million sq. ft, which all aim to facilitate your daily routine.
DAMAC Lagoons is situated at the junction of Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street, ensuring hassle-free commutes around the rest of Dubai. As for public transport links, the infrastructure has not been developed yet, therefore, it is recommended you move around by a private vehicle, for now.
DAMAC Lagoons is highly popular with families, as it offers unique learning-based amenities, such as a sensory plaza, a discovery maze, a camping island, an AR nature island, a VR Park, a Building Blocks Pavilion and more.
According to DAMAC Properties, the development will be pet-friendly as the community will have many parks, as well as hiking and biking trails, which will provide your pet with freedom to walk and run.